More bad news on Italy. And good news as well!

Dan Mitchell reports on the sorry state of affairs. Italy is not much better than Greece.

But wait!

There’s a chance, however, that all this bad news may pave the way for good news. There are elections in early March and Silvio Berlusconi, considered a potential frontrunner to be the next Prime Minister, has proposed a flat tax.

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15 Responses to More bad news on Italy. And good news as well!

  1. Ƶĩppʯ (ȊꞪꞨV)

    Are today’s italians the remnant of the barbarian hordes? Where did the Romans go?

  2. Dr Faustus

    Too much bunga bunga is never enough.

  3. nemkat

    The Romans moved into North West Europe. They built new empires in Britain, later the United States.
    Present day Italians aren’t Romans or warriors, and they aren’t up to much.

  4. Empire GTHO Phase III

    The EC effectively deposed Silvio last time around in a leveraged coup.

    Brussels will try anything to keep him out, but talking to the locals (in the north at least) Silvio has momentum and history on his side.

  5. BrettW

    You can always rely on Berlusconi to choose his female Ministers based on their “merits”.

  6. Up The Workers!

    Doesn’t Berlusconi still have a 7-year prison sentence hanging over his head from from a 2013 Guilty verdict?

    Come to think of it, there is a former Federal President of the Labor(sic) Party currently serving a 7-year prison sentence in New South Obeid at the moment in the A.L.P. “Presidential Suite” of one of the many Luxury Prison Resorts that ex-A.L.P. Parliamentarians tend to frequent these days.

    Berlusconi certainly has the aptitude; the same talent for mishandling public monies and the truth, and the appropriate level of prison sentence to qualify HIM for the A.L.P. Presidential gig.

    And there are all those horticultural countrymen down around Griffith way, to make him as welcome as they did Al Grassby, all those years ago.

  7. J.H.

    Berlusconi’s idea of a flat tax and an actual flat tax…. are probably two different beasts…..

  8. min

    The Italians I know are extremely hard working in their often-family businesses and they are doing it tough. I have met many thru travelling within Italy and avoiding the tourist areas . Bureaucrats have ruined Italy , early retirement good pensions , and lazy. For example reach the top of queue in bank and it turns 12 too bad come back in the afternoon .
    Berlusconi , the suntanned dwarf in a wig as I have heard him described,I would not trust . Grillo I have followed since he brought down Parmalat at least is an accountant but turned socialist so appeals to the younger voters. Berlusconi threatened to stop his website and he said no problems I can move the ver the border. Of course huge problem for Italy is maintenance of all their monuments , artworks, etc.

  9. Mother Lode

    Brussels will try anything to keep him out, but talking to the locals (in the north at least) Silvio has momentum and history on his side.

    Moreover, since Brussels got rid of him, Brexit happened.

    It can be done and, even if May in the UK is dragging her feet, the Italians are probably quite confident that Berlusconi is stamped from a rather different mettle.

  10. Marcus

    Doesn’t Berlusconi still have a 7-year prison sentence hanging over his head from from a 2013 Guilty verdict?

    My understanding is that Berlusconi, if ineligible to run, will really rule from the sidelines while the leader of one of his coalition parties will be the titular PM.

  11. DM OF WA

    Cannot wait for the Berlusconi-Trump meeting and photo op: Media meltdown.

  12. Dr Fred Lenin

    If the u.n.communists are against Burlesconi then he must be a threat to u.n.communust domination of the EU, that makes him acceptable ,even a crooked anti communist is far better than a real communist ,not nearly as dangerous. Combined with Trump and a Real Brexit ,three nails in the global communists plan .
    Go Silvio !

  13. nerblnob

    Italian bureaucracy is insane, with the effect of smothering small business.

    Only family businesses can thrive at that level, which visitors might find charming but it’s making a virtue out of necessity.. The labour laws discourage hiring anybody from outside while purporting to protect Italian workers. Your next meal in a tourist spot could be waited on by science graduates, desperate to hear of where there might be jobs.

    Australia is headed same way.

    Politicians can no more fix this than they can eradicate the Mafia

  14. Aqinas

    There was some Italian politician who recently pointed out that unless immigration stopped then Italy won’t be Italy much longer so maybe there is some hope. More hope than in Australia anyway since I can’t remember the last time an Aussie politician had the balls to point out the obvious

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